A Facebook co-founder takes a stake in "The New Republic." Can new media save old media? MarketWatch columnist Jon Friedman weighs in on Mean Street. Photo: Agence France-Presse/Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

... the ... she's a BBC ... Derica has ... stopped ... Chris uses on Zuckerberg's remained well ... yes he's ended up with like half a billion dollars for the Facebook shares are ... hit with ice give or take a little bit ... and he's keen ... to buy the New Republic which has been financially quite troubled for Number years and is still abide by Martin Peretz ... um not quite sure who is this right now anyhow ... um and he's putting his money where his mouth is and he wants to own this ... W Ferrari Dublin MAS or Audi's by the magazine's is different from that is good for us out of ... the last guy who did this ... the blast and the most recent example is when Sidney Harman ... when out and bought Newsweek a difference like you yes ... I'm sitting at the city of Castaway that has long been one of my Sydney Harbour when out there were a wealthy guy also ... lifted washing DC for reasons that were probably un known only didn't write for not only did he bought Newsweek next to it ... and now we have increased use by ... so what what people buy these trophy properties you know I don't don't don't ... deeply bullishly ... Chris Hughes could not walk around wash and go to ... the defensive restaurants and say I told the New Republic you'd think these two zero lead predicted that U ... S the people taken very seriously and is ... building on the size of the wealthy to the one thing by Credit Billy's out the same incident ... the degree ... that to see but somebody has was about go in hosting the chance so and he is to assemble a thing about Newsweek at the time ... you're on a media property properly ... if you're not out to make money ... am I better go get it can a candidate of any magazine or newspaper ... profits at the end of the day is about what's driving it ... is their future for the company most likely not because people want to make money one issue of the one show successes show a profit ... for the vanity plate of Port ... Authority as money into it but probably not the pub needed to freeze we say on ... the delay what is the audience for the Republican and this element of physical magazine anymore this is the aging properties it's a it's a bit of a relic as you pointed out in your home and in a way yet wind aam into this mess and I'm just saying that ... you know what I'd I can remember reading it probably in the eighties ... and that's probably what I saw this was a lot of relevance it's obvious distress loss of one of my robots a lot of value unfortunately nobody to bring it back ... but but that is their place in today's ... Internet driven ... superfast twenty four said in blogging driven media world ... for a long ish form journalism like to get ... a result the New Yorker for example has a beach chair but what is what is the isthe asked why are ... the Republicans Orwall great names ... and the outlook but the sun sun with that of putting the presumed which isn't a good citizen to help put a higher grade riders with editors perhaps ... and bring them over to new problems they work for us will pay you well may be re-established the brands ... he said is that demand is weak but still around and around Gaza a worker for his not so hot not so well I mean that the fundamental crop especially the Republicans are in Washington yes correct yet ... I need to compete with Politico Washington post sure I mean it's not can not gone after I don't think the New Yorker Atlantic or Harper's thought that it wanted to a degree of his offers to go to the canal your subscriber to the Republican ... you don't put your money we are now in ... a few nice ones I guess one of the above the lake you can live with that